Ep. 366: The Statistical Mindset with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
How to Make a Hydraulic Computer
We can tell whether two dots are the same by asking a fire clerk to do this. Instead of brown and orange dots you could have electrical voltages which are either up or down, there's current on or there isn't. But if you would prefer you could imagine you made a hydraulic computer with pipes, with pressure, with water going through. And if you look at the pipe and water is squirt now, that's a black dot and the water is no water there, that's the other kind.
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